Greetings all:
I have clients who’s property is currently the subject of a pooling order proceeding. Just getting started with no final order being issued. They received the following offer:
3 years, $1500 & 1/8th royalty
3 years, $1000 & 3/16th royalty
3 years, $500 & 1/5th royalty
3 years, $0 & 1/4th royalty.
Just trying to determine if there are more competitive offers.
Of course we would want our lease terms, no deduction, depth, etc.